Inuvo Inc

For the period ended Jun 30, 2024. Filed Aug 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 8, 2024

INUV$0.38-3.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Loss

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2024	2023	2024	2023
Net revenue	$18,209,005	$16,651,405	$35,232,782	$28,498,845
Cost of revenue	2,906,188	2,368,540	5,005,230	5,559,103
Gross profit	15,302,817	14,282,865	30,227,552	22,939,742
Operating expenses
Marketing costs	12,431,580	12,056,616	25,534,224	19,144,166
Compensation	3,031,231	3,253,416	6,256,090	6,676,257
General and administrative	1,539,393	2,311,885	2,227,903	3,893,774
Total operating expenses	17,002,204	17,621,917	34,018,217	29,714,197
Operating loss	(1,699,387)	(3,339,052)	(3,790,665)	(6,774,455)
Financing expense, net	(42,451)	(38,186)	(62,831)	(57,306)
Other income, net	—	—	—	14,418
Income tax expense	(5,353)	—	(5,353)	—
Net loss	(1,747,191)	(3,377,238)	(3,858,849)	(6,817,343)
Unrealized gain on marketable securities	—	—	—	84,868
Comprehensive loss	$(1,747,191)	$(3,377,238)	$(3,858,849)	$(6,732,475)
Per common share data
Basic and diluted:
Net loss	$(0.01)	$(0.03)	$(0.03)	$(0.05)
Weighted average shares
Basic	140,118,532	127,249,916	139,453,962	124,115,098
Diluted	140,118,532	127,249,916	139,453,962	124,115,098

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.